Mahindra Mutual Fund

Mahindra Mutual Fund

Mahindra Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882, as per the terms of the trust deed dated September 29, 2015 between the Mahindra and Mahindra Financial Services Limited as the Sponsor and Mahindra Trustee Company Private Limited, as the Trustee. The Trust Deed has been registered under the Indian Registration Act, 1908. Mahindra Mutual Fund has been registered with SEBI, under registration code MF/069/16/01.

Mahindra Asset Management Company Private Limited, a company incorporated under the Companies Act, 1956, is the Investment Manager for Mahindra Mutual Fund. It is a wholly owned subsidiary of Mahindra and Mahindra Financial Services Limited (MMFSL).

Mahindra Mutual Fund endeavors to offer a variety of mutual fund schemes pan-India, with special focus in rural and semi-urban areas.

MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED (MMFSL) is a subsidiary of Mahindra and Mahindra Limited, one of India’s leading tractor and utility vehicle manufacturers. MMFSL is one of India’s leading non-banking finance companies focused in the rural and semi-urban sector and is primarily in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles, construction equipments and SME financing.

MMFSL has 1172 offices covering 26 states and 3 union territories in India, with over 4.25 million customer contracts since inception, as of June, 2016

The history of Mahindra Finance has been one of continuous ascent where our effort to empower our customers has been a constant element. A strong set of values, an evolved lineage and a group of highly motivated individuals is what we started with.

Mahindra Trustee Company Private Limited, a company incorporated under the Companies Act, 1956, is the trustee for Mahindra Mutual Fund vide Trust Deed dated September 29, 2015.

Mutual Fund Research

Balance funds are a mix of stocks and bonds which reflects a moderate approach. The primary goal of balanced funds is to create regular and stable income by investing in debt securities and invest a portion in equity for capital appreciation.

With strength in Oil & gas and pharma sector, the decline in Nifty has got arrested while broader index like CNX 500 is yet to confirm a bottom (though the selling pressure has stopped). Hence the composition of Nifty turns out to be better in assisting quick recovery and we feel that the stage is set for the key indices to surge higher towards 8,400.

The old adage Sell in May seems to have been ignored largely in second half of the month as the market left behind the carnage of March & April. . A move above the downward sloping trendline (above 8,550) would prove to be icing on the cake and market looks poised to see further build up after the gains of May.

Strength of every market is judged on corrections. After Mondays turnaround it is important to observe that if the recovery turns out to be sluggish and market starts to give up gains, will it find support around 8,200 or not? As of now, it will act as a new support line for the bulls.

Barriers in life come and go but 8,350 is acting as a tough one since the third week of April. This consolidation at the bottom has taken shape of a bullish H&S pattern. A move above the same could result in reversal of the trend.

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